The Renewables Obligation (RO) places a mandatory requirement for UK electricity suppliers to source a percentage of electricity that they supply from eligible renewable sources. As a result of this there are many opportunities for landowners, farmers and home owners to enhance the various scheme and developments that are occurring in this technology at present. Not only will the installation of renewable technologies contribute to the RO target, but there is potential to diversify and increase the income stream of rural businesses and also reduce energy costs.
Introduced in 2010 the Feed in Tariff (FITs) is a Government backed initiative which was created to encourage the generation and use of energy from renewable sources, such as Wind, Solar Photovoltaic, Hydro and Anaerobic Digestion.
Feed-in tariffs for both the generation of electricity (a generation tariff) are available even if you use some or all of the electricity yourself and for giving unused generated electricity back to the National Grid (an export tariff). The level of payment depends on the technology and whether it is being fitted to an existing building, or installed on a new building. In the UK, future payments are guaranteed for the next 25 years for solar and 20 years for wind power and are linked to inflation. The payment will be made for the energy produced on a pence per KWH produced. The introduction of the FIT’s means that investment in a renewable energy project is now commercially viable with payback periods of between 5 to 10 years, depending on the system installed.
A payment for all the electricity you produce, even if you use it yourself
Additional bonus payments for electricity you export into the grid
A reduction on your standard electricity bill, from using energy you produce yourself
The Government also introduced a scheme similar to FITs called the Renewable Heating Incentive (RHI) in 2011. The RHI is a Government initiative which encourages the generation and use of heat from renewable sources such as Biomass boilers, air source heating pumps, ground source heat pumps and solar thermal. You are paid a fixed rate for every Kilowatt hour of heat you produce depending on the capacity and size of the installation. There are two schemes, one for small scale commercial properties and one for domestic properties. Madeleys have been involved in a number of installations on farms to include residential properties, grains stores, chicken sheds, etc
- Madeleys Chartered Surveyors are constantly keeping abreast of renewable technology developments, are involved in various large and smaller developments and can advise on the following types of projects, whether it be an individual, group, co-operative or community owned:
Solar Photovoltaic Energy
Air Source Heat Pumps
Ground Source Heat Pumps
Biomass Boilers and Systems
Combined Heat and Power
Energy from Waste Management Facilities
Pre-Application Enquiries and Research
Applications for Grant Aid
If you are considering the possibility of installing renewable energy in your home you may be entitled to grant aid. Contact us for advice on 01952 727007.